Credit card processing fees
MyVR offers competitive payment processing rates for transactions processed through our merchant partner, Stripe. To view your current rate, go to the installed Stripe Application and click on Accepted Cards & Rates for a list of credit card types and fees.
The standard credit card processing fees for common domestic cards using Stripe is 2.99% + $0.30. This can vary depending on the card type (American Express is more) or based on the origin of the card (international cards are more).
There are discounts for payment volume processed:
2.99% + $0.30 --- Under $100k
2.89% + $0.30 --- $100k to $250k
2.79% + $0.30 --- $250k to $500k
2.69% + $0.30 --- $500k to $1MM
2.59% + $0.30 --- $1MM to $2MM
2.49% + $0.30 --- $2MM to $3MM
2.39% + $0.30 --- $3MM to $5MM
2.29% + $0.30 --- $5MM to $10MM
inquire --- $10MM+
Stripe fee breakdown
When looking at the Stripe payment details, there is a "Fee" field that is broken down into "Stripe processing fees" and "Application fees." The way Stripe breaks these down may be confusing. Please consider the total fee as a bundle of fees related to the booking. The application fee is the portion that MyVR collects so that we can provide the credit card processing service and is included in the standard rate.